Form 4: MillerKnoll CFO Jeffrey Stutz Reports Stock Transactions
SEC Form 4
Chief Financial Officer of MillerKnoll, Jeffrey Stutz, reports acquisition and disposal of common stock and restricted stock units on August 1, 2024.
Summary
- On August 1, 2024, Jeffrey Stutz, the CFO of MillerKnoll, engaged in multiple transactions involving the company's common stock and restricted stock units (RSUs).
- These transactions included the acquisition of shares through the vesting of RSUs and Performance Share Units, as well as the disposal of shares to cover tax obligations.
- Stutz acquired 5,392 shares, 2,316 shares and 2,616 shares through the vesting of RSUs.
- He also acquired 632 shares, 412 shares, 343 shares, 659 shares, 384 shares, 1,312 shares, 116 shares, 560 shares, 325 shares and 476 shares pursuant to Performance Share Units granted on July 13, 2021.
- Disposals were made to satisfy tax obligations at a price of $30.19 per share.
- Following these transactions, Stutz directly owns 47,347.3069 shares of common stock and indirectly owns 14,188.489 shares through a profit share plan.
- He also holds 73,568 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are governed by SEC regulations to prevent insider trading and ensure transparency.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are routine insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2021-07-13 | Date of grant for Performance Share Units under the Company's 2020 LTIP. |
| 2024-08-01 | Date of transactions involving common stock and restricted stock units. |
| 2024-08-05 | Date of signature for the Form 4 filing. |
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